simplythebest 0 Posted July 17, 2012 Share Posted July 17, 2012 HMRC could easily have dealt with Rangers before the sale to Whyte. They could have asked for the 23m they thought they were originally owed paid over 12 years. Then it would probably have been paid along with the 13m of paye and vat. The tax payer would have been 36m better off and Rangers would be better off too. There is the question of the penalties and interest but bearing in mind the mitigation that the payments were never hidden as the whole thing was set up by HMRC themselves as a LEGAL tax loophope, the penalties could and should be waived. As for the interest, it would seem reasonable (and I think this applies in the REAL world) that it is not due or calculated until the first demand is made. It's a loan shark strategy to not ask for their money before letting extortionate interest pile up a bit. But in the end the RIGHT thing to do as well as the most LOGICAL would be to have collected the 23m in reasonable time along with the usual tax payments which would then have been paid. The reason it wasn't is that HMRC had another agenda. None of this is really HMRC's fault, I do question how they let the EBTs drag on so much though. 0 Quote Link to post Share on other sites More sharing options...
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